Rebalance your portfolio as needed from "summary" of I Will Teach You to Be Rich: The Journal by Ramit Sethi
When it comes to investing, one of the most important things you can do is keep an eye on your portfolio. After all, the market is constantly changing, and what was a good investment yesterday might not be the best choice today. That's why it's so important to regularly review and rebalance your portfolio as needed.
The concept of rebalancing your portfolio involves looking at your investments and making adjustments to ensure that they still align with your financial goals and risk tolerance. For example, let's say you originally decided on a 60/40 split between stocks and bonds. Over time, as the stock market grows more volatile, you might find that your portfolio is now weighted more heavily towards stocks than you're comfortable with. In this case, you might need to sell off some stocks and buy more bonds to bring your portfolio...
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